Posts Tagged ‘brand equity’

Research Brief– People Now Expect Daily Deals

Wednesday, May 4th, 2011

According to research from Yahoo! Mail and Ipsos OTX MediaCT, reported by EMarketer, consumers will not quickly tire of the daily deal websites and mailing offerings, nor the rush of established online companies like Google and Facebook to get into everyday promotions. In March, BIA/Kelsey predicted US daily deal site revenues would reach $1.25 billion this year.
The February 2011 survey found that US adult internet users subscribe to an average of almost three daily or weekly shopping emails or newsletters, and 56% of internet users subscribe to at least two of the emails.

Subscribers also say they regularly read the emails. Among those who subscribe to at least two, 61% said they read all of the messages. And most access the emails at least once a day. (more…)

The Myth of the “Right People”

Wednesday, March 2nd, 2011

I had lunch with a radio sales rep a couple of weeks ago and invariably, as it always does, the conversation turned to reaching “the right people” and how this group of stations could reach exactly the customer my client was after.

Now, honestly, I’ve never seen a business fail due to reaching the wrong people. But if you listen to advertising sales reps, “reaching the right people” will solve all your problems.

And guess who has exactly the right people for you?

The conversation usually goes something like this: the sales rep says, “Tell me, who is your customer?”
“Blah, blah, blah.”
“Really? That’s exactly who we reach! What a fit! It’s like a hand in glove, a marriage made in heaven! We reach your exact customer profile!”

Get the picture?

Here’s an idea. Call every advertising sales office in your city and tell them you want to advertise with them. Let’s see how many of them say, “Sorry, your customer isn’t who we reach.”

The myth of “the right people” is a myth every business owner wants to believe because it keeps them from having to make uncomfortable changes. “Our selection isn’t off-target, we’re just reaching the wrong people.” “Our prices aren’t too high, we’re just reaching the wrong people.” Traffic isn’t down because our ads are flaccid, we’re just reaching the wrong people.”
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Being For What Is

Thursday, February 3rd, 2011

“The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore all progress depends upon the unreasonable man.” – George Bernard Shaw

“Every man with a new idea is a crank until the idea succeeds.” – Mark Twain

A friend of mine has a saying that I never quite understood, but think I do now. “Be for what is.” Here’s what I think:
There are basically two ways of seeing:
1. the way things ought to be.
2. the way things are.

Do you find yourself moaning about the injustice of it all and wishing that things were different?
Be for what is.

Do you hear things like this? ‘If only my boss liked me better.’ ‘If only I had married someone else.’ ‘If only I had invested in Wal-Mart, Apple or Microsoft back when.’ There’s a little bit of that in all of us. (more…)

What I Taught in College Last Week

Tuesday, October 26th, 2010

For those who didn’t know, I teach at the University of SC in the Journalism School; Mass Communications and Information Studies to be “proper.” But being a graduate of the “Journalism School,” back in the day when that word was still used in the name, it will always be the “J-School” to me.

I teach Advertising Campaign Strategy to graduating seniors. (at least they think they are graduating. They have to pass this class first.) And it’s the time in the course calendar where we discuss “communication tactics” as part of the strategy. In the lecture portion of my class last week here were a few general points I made about communication tactics that sometimes get overlooked: (more…)

Social Media or Social Media Marketing? At which are you better? Part 2

Thursday, September 9th, 2010

In my previous entry I wrote about Nordstrom and their commitment to the customer “over” social media marketing. I’ll let you read it to catch up. But to continue the conversation, the differences are vast. It’s the difference between using social media tools and adopting social media philosophy; the difference between sparking posts about your marketing and posts about your product or service; the difference between marketers who focus externally on how the brand is broadcast versus internally on how the brand is realized.

Several years ago I woke up one morning and had a voicemail message; no missed calls, just a message. I clicked my voicemail and listened intently and then humorously as Samuel L. Jackson called me by name, called out a friend’s name and told me some wild story—all while issuing a tirade of expletives. It was a computer generated promotion for the yet to be released movie, “Snakes on a Plane.”

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